retirement fund

Pension expenditures in the two largest public pension systems are on the rise in Massachusetts, so it's important to understand the factors behind the growth in annual payouts, including an increasing average pension and an increasing number of retirees.

After a more than seven-month struggle, PioneerLegal—now known as Pioneer Public Interest Law Center—has gained access to an important August 2022 arbitrator’s decision about a dispute between the MBTA and its largest union, the Carmen, over the severely underfunded MBTA Retirement Fund (MBTARF).

Earlier this week, Fox 25 News reported that Michael Mulhern, the executive director of the MBTA Retirement Fund, will be triple-dipping from taxpayer-funded pensions. A few days earlier, Mulhern announced his intention to resign from the fund in August. In addition to...